Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,504 shares of the transportation company’s stock after selling 41,587 shares during the period. Cresset Asset Management LLC’s holdings in Controladora Vuela Compañía de Aviación were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in Controladora Vuela Compañía de Aviación by 13.3% during the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after buying an additional 291,252 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $14,786,000. Renaissance Group LLC lifted its position in Controladora Vuela Compañía de Aviación by 33.7% during the fourth quarter. Renaissance Group LLC now owns 315,278 shares of the transportation company’s stock valued at $2,346,000 after buying an additional 79,417 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $2,106,000. Finally, American Century Companies Inc. lifted its position in shares of Controladora Vuela Compañía de Aviación by 7.0% during the fourth quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company’s stock worth $1,958,000 after purchasing an additional 17,158 shares in the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VLRS. JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Barclays cut shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $12.00 to $4.50 in a research report on Tuesday, April 29th. Morgan Stanley cut shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 target price on the stock. in a research report on Tuesday, April 29th. UBS Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Itau BBA Securities cut shares of Controladora Vuela Compañía de Aviación from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.27.

Controladora Vuela Compañía de Aviación Trading Up 0.8%

VLRS opened at $4.36 on Friday. The stock has a market capitalization of $507.78 million, a PE ratio of 2.62 and a beta of 2.06. The firm’s fifty day moving average price is $4.75 and its 200 day moving average price is $6.74. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. has a 12-month low of $3.49 and a 12-month high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.10. The firm had revenue of $678.00 million for the quarter, compared to analysts’ expectations of $708.83 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. As a group, research analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.